Efficiency Indicators of Railways in France

Transcription

1 Roundtable Efficiency in Railway Operations and Infrastructure Management (18-19 November 2014, International Energy Agency, Paris) Efficiency Indicators of Railways in France Pr. Alain Bonnafous Pr. Yves Crozet Laboratoire d Economie des Transports, Lyon

2 Contents 1 Introduction 2 Efficiency of rail transport services 3 Network efficiency 2

3 Operational consistency Strategic goals Political relevancy Operational goals: network, traffic Operational efficiency Inputs : Capital, Labour, Energy... Demand: P.km, T.km Productive efficiency Supply : train.km Economic efficiency Laboratoire d'economie des Transports 3

4 2) Efficiency of rail transport services

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6 Economic efficiency

7 High Speed Trains Traffics in Europe (Billion of pass.km/year ) France Germany Spain Italy Sweden Belgium United Kingdom 7

8 Rail passenger traffic Long distance - HSR - Intercity Regional - TER /2008 -Paris region Total Total with Paris

9 Rail Freight traffic Tkm EU27 DE FR SE UK

10 Billion t-km Billion t-km Focus on rail freight traffic Competition on the market Germany saw liberalization as a way to support rail France Modal share rail Germany : + 1,6 pts, thereof 1,2 from competitors France Germany Transport Minister: «Toward 100 Gtkm!» % % Total rail traffic National traffic International traffic Imports and Exports Transit Sources : SOeS, SBA Graphs S. Séguret, 2009

11 Productive efficiency

12 Main indicators (France) Pass.km Ton.km Unit.km Employees Productivity

13 250 Germany Pass.km Ton.km Unit.km Employees Productivity

14 250 Switzlerland Pass.km Ton.km Unit.km Employees Productivity

15 Operational efficiency

16 Public subsidies to TER (France) Public contribution Index, base 100 : 2002 Per train-kilometre - Index, base 100 en 2002

17 Public subsidies in Switzerland Public contribution Index, base 100 : 2000 Per train-kilometre - Index, base 100 en 2002

18 Public subsidies to HSR up to what extent? Tours-Bordeaux Public Subsidies 5 euros/passenger during 50 years Marseille-Nice Public subsidies euros/pass during 50 years. 18

19 3) Network efficiency - The efficiency of basic operations. - The marginal capital efficiency.

20 Summary annual performance chart for 2012 (last year of the first performance contract, ) Strategic objective 1: Adapting to market liberalisation and increasing business revenue 6 sub-objectives: Mainly focused on customer 4 sub-objectives achieved, 2 partially achieved: satisfaction 1) the quality of freight paths has not improved as fast as expected; 2) costs are better reflected in charges. Strategic objective 2: Modernising infrastructure and improving network performance 13 sub-objectives: Maintenance, maintenance management, safety 7 sub-objectives achieved, 5 partially achieved: mainly concerning the elimination of level crossings (only half the targeted number), the standard of programming and ensuring that renewal investment is effective. One failure: the multiannual view of renewals. Strategic objective 3: Breaking even and establishing sustainable financing 6 sub-objectives: Improving the coverage of cost by revenue Strategic objective 4: Dynamic steering and responsible governance 8 sub-objectives: Improving governance design and control 2 sub-objectives achieved, One partially achieved: management control adapted to the strategic segmentation of the network; 3 sub-objectives not achieved because of the freezing of 341m of the operating subsidy: costs not fully covered by revenue (charges or balancing subsidy); accounting targets consequently missed. 7 sub-objectives achieved, One partially achieved, concerning the slowerthan-expected establishment of the liaison with regional authorities (regional transport organising bodies).

21 Strategic objective 1 Examples of indicators Adapting to market - Rate of satisfied customers. liberalisation and - Rate of acceptance of the pricing. increasing business - Number of paths affected by the revenue maintenance. - Rate of regularity in 5mn.

22 Strategic objective 2 Examples of indicators Modernising - Track length renovated (with respect to infrastructure and the objective in 5 years). improving - Number of turnouts renovated (id.). network - Number of level crossings removed (id.). performance - Cost of renewal of a km of track (id.). - % of the network in poor condition. - New centralized controls (with respect to the program). - PDCA for investments (Plan-Do-Check- Act). - % of realized investment (with respect to the program). - % of investment without cost overruns. - % of investment without exceeding deadlines.

23 Strategic objective 3 Examples of indicators Breaking even and - Revenue (with respect to the forecast of establishing the business plan). sustainable - Government subsidies (with respect to financing its commitments). - Ratio revenue/full cost. - Accounting results with respect to the business plan. - Ex-post financial assessment of major projects (1 year, 5 years, 10 years)

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25 Network efficiency - The efficiency of basic operations. - The marginal capital efficiency.

26 Optimal ranking under budget constraint Improvement / ERR ranking Ranking : NPV/public euro IRR (financial) ERR (socio-econ.) < sub > Decreasing budget

27 First investments of RFF to promote rail freight ( ) Effectiveness of local politicians TWO PORT TERMINALS Valeur actualisée nette par euro de subvention Source : RFF Net present value/subsidy

28 If we consider the 40 candidate projects between 1997 and 2007: If the ten most profitable projects were selected every billion subsidy would have generated 8 billion net present value. If the ten less profitable projects were selected every billion subsidy would have generated 0.5 billion net present value.

29 A global programme efficiency indicator (value-for-money criterion) For a given time series of subsidies the virtual optimal programme is ranked by the decreasing NPV/public subsidy ratio. This virtual optimal programme generates the overall Net-Present-Value Wo. The actual programme generated the overall Net-Present-Value W. The overall efficiency indicator: W/Wo

30 MERCI